Capital Goods stocks were amongst the worst hit in trades today. The BSE Capital Goods index was the top sectoral loser, down 1.6% or 160 points to shut shop at 9,834 levels. Suzlon Energy was the top loser from this space, down 3% to Rs 26. Siemens, BEML, Larsen & Toubro, Crompton Greaves, Alstom Projects and BHEL also ended lower in trades today.

The IT index lost 1.2% or 70 points to 5,951 levels. Shares of software majors Infosys and TCS ended down over 1.7% each on concerns that profit margins could be impacted after local media reports that the United States had raised the cost of processing H-1B employment visas. Mphasis was also amongst the loser from this spcae.

Among the Sensex stocks, SBI ended down 1% on concerns that net interest margins could be impact after the bank recently announced hike in short-term deposit rates.

Shares of telecom companies faced selling pressure after a business daily reported that the Department of Telecom is likely to impose a combined penalty of Rs 1,000 crore on Bharti Airtel, Vodafone and Idea Cellular for violating 3G licence norms. Bharti Airtel ended down 1.6%, Idea Cellular ended down 1.5%.